| Subject: | Re: [socialcredit] Definition of inflation | | Date: | Tuesday, February 14, 2006 08:10:01 (-0800) | | From: | Jeffery Smith <jjs @.........org>
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| In reply to: | Message 3402 (written by Kenneth Palmerton) |
On Feb 13, 2006, at 12:56 PM, Kenneth Palmerton wrote:
>
> maybe you can offer me an explanation of why it was that in the USSR
> between 1917 and 1970 the price of a loaf of bread, and the rent of a
> Moscow flat did not increase.
> Despite the working population having huge amounts of un-spendable
> money in their bank accounts.
The legal price. The black market price told a different story.
SMITH, Jeffery J., President, Forum on Geonomics
3604 SE Morrison St, Portland Oregon 97214 USA
503/234-0809; jjs@geonomics.org; www.geonomics.org
Share Earth's worth to prosper and conserve.
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